CZ Advocates Selective Buy-and-Hold Strategy Amid Trader Criticism

Former Binance CEO Changpeng “CZ” Zhao defended his buy-and-hold advocacy after accusations of misleading retail traders and promoting damaging market behavior. The disagreement was sparked by Zhao's comments that few trading strategies outperform buy-and-hold, which critics argued overlooked the high failure rate of crypto projects. Zhao clarified his stance, stating that the strategy does not apply to all coins and urging investors to research before investing. He also refuted claims that exchanges should only list likely successful assets. The debate led to the revival of past accusations against Zhao, including market manipulation and compliance failures. However, other users came to his defense, highlighting his contributions to the crypto community. This controversy underscores the ongoing tension in crypto between open listing practices and calls for stricter quality checks to prevent potential scams.